© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Hecla to Acquire Mines Management
Posted 24th May 2016

Hecla to Acquire Mines Management

Hecla Mining Company (NYSE:HL) (Hecla) and Mines Management, Inc. (NYSE MKT:MGN, TSX: MGT) (Mines Management) today announced a merger agreement with Hecla acquiring Mines Management.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Hecla to Acquire Mines Management
Image

Hecla Mining Company (NYSE:HL) (Hecla) and Mines Management, Inc. (NYSE MKT:MGN, TSX: MGT) (Mines Management) today announced a merger agreement with Hecla acquiring Mines Management.

In the proposed merger, each outstanding common share (1) of Mines Management will be exchanged for 0.2218 of a common share of Hecla. This represents a 41% premium to Mines Management, using both companies’ 10 day VWAP (Volume Weighted Average Price) on May 20, 2016. The transaction is expected to close in the third quarter, 2016. The transaction is subject to approval by Mines Management shareholders and other closing conditions.

Following closing of the merger, Hecla intends to advance the evaluation program of Montanore. Located in Northwest Montana, Montanore is considered one of the largest undeveloped silver and copper deposits in North America. The project is approximately 10 miles from Hecla’s Rock Creek project and 50 miles north of Hecla’s Lucky Friday Mine in Idaho.

Glenn Dobbs, Mines Management’s CEO and Chairman said:

“The Montanore Project has been significantly advanced by Mines Management and, with the issuance of the final Environmental Impact Statement and Records of Decision early this year, now is the time to pass it on to Hecla to further advance the project and put it into production.”

“Hecla is the logical company to move Montanore forward, with its close proximity to Rock Creek, as well as its similar geology and scale,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “We have considerable experience operating Greens Creek in a National Monument which will, combined with our financial strength and commitment to the community and environment, help Montanore reach its full potential.”

(1) Approximately 32 million issued and outstanding shares; approximately 39 million shares fully diluted

Categories: M&A


You Might Also Like
Read Full PostRead - Eye Icon
Israel’s RR Media acquires Eastern Space Systems in Romania
M&A
06/05/2015Israel’s RR Media acquires Eastern Space Systems in Romania

RR Media (NASDAQ: RRM), formerly known as RRsat Global, a leading provider of global digital media services to the broadcast industry, has announced the acquisition of Eastern Space Systems (ESS) in Romania, a privately held provider of content management and

Read Full PostRead - Eye Icon
How Outsourcing IT Management Can Transform Your Business Operations
News
11/11/2024How Outsourcing IT Management Can Transform Your Business Operations

Managing IT can be challenging for any business, requiring specialized skills, time, and constant updates. As companies grow, internal teams may struggle to keep up with evolving demands, making outsourcing IT management an effective solution. This approach al

Read Full PostRead - Eye Icon
Sustained Excellence in IT & Communication Services
Innovation
09/01/2025Sustained Excellence in IT & Communication Services

Recognised in our Judges Choice Awards 2024, Flexdata LDA is a provider of exemplary technology solutions, particularly those relating to energy, communications, security, datacentres, and software systems.

Read Full PostRead - Eye Icon
9 Fun Ways to Advertise Your Business
News
29/06/20239 Fun Ways to Advertise Your Business

In the ever-evolving world of business, capturing the attention of potential customers is crucial for success. To stand out against the competition, it’s important to look beyond traditional advertising methods and explore fun, inventive ways to promote your

Read Full PostRead - Eye Icon
Brazil Offers Both Opportunities and Obstacles for Companies and Transferring Employees
Strategy
28/09/2015Brazil Offers Both Opportunities and Obstacles for Companies and Transferring Employees

Although it is the fifth largest country in the world, Brazil poses both significant opportunities - and obstacles - for employers and their relocating employees, according to a new report from Cartus Corporation.

Read Full PostRead - Eye Icon
Why does enterprise asset management matter?
News
12/01/2022Why does enterprise asset management matter?

Enterprise asset management refers to managing the maintenance of your physical assets. In brief, enterprise asset management matters because it maximizes the lifespan of your equipment, reduces costs in the long term, improves safety, and increases efficiency

Read Full PostRead - Eye Icon
Investing in Yourself
News
01/06/2021Investing in Yourself

At the end of the day, if you want to become an expert in business, that means that you're going to be spending a lot of time making investments. Some of these investments may seem obvious: You'll have to invest in equipment, real estate, and employees. Some i

Read Full PostRead - Eye Icon
Fried Frank Harris Shriver & Jacobson LLP Advise Hormel Foods’s acquisition of Applegate
Finance
15/07/2015Fried Frank Harris Shriver & Jacobson LLP Advise Hormel Foods’s acquisition of Applegate

Fried Frank Harris Shriver & Jacobson LLP Advise Hormel Foods's acquisition of Applegate (Hormel’s largest deal $775 million)

Read Full PostRead - Eye Icon
6 Benefits of Outsourcing Managed IT Services
Strategy
02/03/20226 Benefits of Outsourcing Managed IT Services

Outsourcing may be one of the strategies to be considered by businesses to remain focused on the services and products they provide while keeping expenses down.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow